Page 13 - Developing Asia News Today

Growth in 2021 is forecast to be strongest in East and South Asia, and more moderate in Central and Southeast Asia and the Pacific. The main risks to the outlook are new virus outbreaks or delays in vaccine procurement and administration. Prolonged unemployment and disrupted education caused by the pandemic could have long-term consequences. To achieve green, resilient, and inclusive recovery, the region needs to mobilize huge sums of capital. Solid evidence associates green and social finance ...

The Indian economy is projected to grow at 11 per cent in the current financial year amid the "strong" vaccine drive, said ADB on Wednesday, while cautioning that the recent surge in COVID cases may put the countrys economic recovery at "risk". "Indias economy is expected to grow 11 per cent in fiscal year (FY) 2021, which ends on March 31, 2022, amid a strong vaccine drive," ADB said in its flagship Asian Development Outlook (ADO) 2021 released on Wednesday. However, the Asian Development B...

Indian economy to grow at 11% in FY22 amid strong vaccine drive: ADB Indias economy is expected to grow 11 per cent in fiscal year (FY) 2021, which ends on March 31, 2022, amid a strong vaccine drive, ADB said in its flagship Asian Development Outlook (ADO) 2021 PTI | April 28, 2021 | Updated 11:57 IST The Indian economy is projected to grow at 11 per cent in the current financial year amid the "strong" vaccine drive, said ADB on Wednesday, while cautioning that the recent surge in COVID cases...

IMF raises India’s growth projection to 12.5% for FY22 April 06, 2021 In January, IMF’s projection for current fiscal was 11.5 per cent.   -  istock.com/siraanamwong× Country’s strong show seen boosting ‘Emerging and Developing Asia’ group The International Monetary Fund (IMF) has upped its growth projection for India by one percentage point for the current fiscal that started on April 1. Even for the next fiscal, it has revised the projection upwards. According to the latest editi...

Global economy to grow 6 per cent 2021 compared to -3.3 per cent contraction in 2020

File pic - IZZRAFIQ ALIAS/The Star KUALA LUMPUR: The International Monetary Fund (IMF) maintains its forecast on Malaysia’s gross domestic product (GDP) growth this year at 6.5 per cent, according to its latest World Economic Outlook (WEO) report published today. Themed "Managing Divergent Recoveries”, the report also stated that the country’s economy is expected to grow at 6.0 per cent in 2022. IMF expects the country’s unemployment rate to drop to 3.8 per cent this year before going f...

Social bonds are designed to raise proceeds for projects with positive social outcomes. The publication serves as a primer on how social bonds can facilitate more inclusive development and help in Asia’s recovery from COVID-19. It also identifies potential solutions to overcome salient barriers to social bond market development in the region. Contents  Historical and Market Context Urgent Need for a Robust Social Bond Market in Asia Social Bonds—Current Market Profile Social Bond Market Pa...

Rebooting Economy 56: Why India should follow agricultural development-led industrialisation growth model Most successful, industrialised and fast-growing Asian economies like Japan, South Korea, China, and Vietnam followed this model, as did Indonesia, Malaysia, and Thailand. Why cant India? Prasanna Mohanty | January 6, 2021 | Updated 21:06 IST Agricultures share of gross capital formation (GCF) fell from 8.5% of the total GCF of economy in FY12 to 6.5% in FY19 The economic reforms that bega...

Centres new farm laws are bold steps that can bring about structural change in Indian agriculture The present system of agricultural procurement has outlived its utility, is inequitable, and lacks dynamism Manas Chakravarty December 16, 2020 15:53:47 IST Representational image. Reuters The problem with Indian agriculture, put succinctly, is simply this: it is, for most far...

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